Episode 258: What the Knicks Can Teach Investors

We're back with another episode of Our 2 Cents! This week, Steve and Gabriel continue their discussion about the surprising things to consider selling before retirement, explore investing lessons inspired by the Knicks' championship run, and answer two thought-provoking listener questions. What to Sell Before You Retire Part 2: Retirement is an emotional transition as much as a financial one. Let go of things that no longer serve you to make room for a more fulfilling next chapter.Beyond downsizing your home, consider whether a second vehicle, financial support for adult children, or even your work identity still fit the retirement lifestyle you're trying to create.Championship Investing: Don't assume the hottest investment or highest-profile opportunity will automatically deliver the best long-term results.Great investing, like building a championship team, requires patience, diversification, and resisting the temptation to chase the "next big thing."Listener Questions: "I consider myself a conservative investor, but sometimes I think I shouldn't be quite so conservative. Should I loosen up and take a little more risk?" - Marie"I'm not as happy as I once was at my job. Now that I'm in my 50s, I'm thinking I want to leave my job and start my own business. Is it a terrible idea to take some money out of my retirement accounts to pay the bills while I get the business up and running?" - Ted